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May 16, 2023
MANCHESTER: Qatar’s Sheikh Jassim bin Hamad Al-Thani made an improved final offer for Manchester United in an attempt to see off his main rival British petrochemicals billionaire Sir Jim Ratcliffe, The Times reported on Tuesday. Sheikh Jassim is offering to buy 100 percent of the club now for a price nearer to £5 billion ($6.31 billion), the report said. Manchester United’s
May 16, 2023
LONDON: Oman Air said Tuesday that one of its Boeing 737s had been grounded in Iran after sustaining damage “caused by debris on the runway” at Shiraz International Airport. “Due to aircraft damage caused by debris on the runway while landing at Shiraz International Airport, flight WY2435 on 15th May 2023 has been grounded,” it said in a statement.
May 16, 2023
In the months leading up to King Charles’ coronation on May 6, while the UK was mourning the passing of its popular queen of 70 years, politics rudely and repeatedly intruded. First, it was the brief but tumultuous 49-day premiership of Liz Truss, whom Queen Elizabeth asked to form a new government just two days before the monarch passed away on Sept. 8. Prime Minister Rishi
May 16, 2023
LONDON: Saudi Arabia’s Ambassador to the UK Prince Khalid bin Bandar on Tuesday received a number of students from the University of Oxford to discuss the Kingdom’s transformation under its Vision 2030. Prince Khalid welcomed the university delegation at the embassy in the capital, London, which included a number of students majoring in international relations, political
May 16, 2023
REYKJAVIK: European leaders on Tuesday pledged to hold Russia to account for its war against Ukraine and unveiled a mechanism to track the losses and damage inflicted by Moscow’s forces, convening in Iceland for a two-day summit. German Chancellor Olaf Scholz, French President Emmanuel Macron and British Prime Minister Rishi Sunak were among those who underlined their support
May 16, 2023
RIYADH: Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan and his Algerian counterpart signed an agreement on Tuesday to establish a Saudi-Algerian supreme coordination council. Prince Faisal and Ahmed Attaf also chaired a Saudi-Algerian political consultations committee meeting in Jeddah during which they discussed intensifying bilateral and multilateral coordination,
May 16, 2023
The corporate crediting rating of Saudi Real Estate Refinance Company, wholly owned by the Public Investment Fund, was upgraded by Fitch Ratings and Moody’s Investor Services. Fitch Ratings upgraded SRC’s long-term issuer default ratings to “A+” from “A” with “stable” outlook. The rating action follows the recent upgrade of Saudi Arabia’s long-term IDRs to “A+” with “stable”
May 16, 2023
RIYADH: The Roshn Saudi League title race was blown wide open on Tuesday night, thanks to the efforts of Al-Nassr’s Cristiano Ronaldo and a spirited comeback from Al-Hilal. At half-time, Al-Ittihad were 2-1 ahead in their game against Al-Hilal and provisionally sitting seven points clear of second-place Al-Nassr, who were being held to a goalless draw at Al-Tai. But thanks to
May 15, 2023
LONDON: Interpol has axed a red notice for a senior Libyan official who is embroiled in a $72 million debt row with a Belgian prince, The Times reported on Monday. The move represents a major loss for Prince Laurent of Belgium, the king’s brother, who was accused by Ali Mahmoud Hassan Mohammed, chairman and CEO of the Libyan Investment Authority, of using his influence to wage
May 15, 2023
PARIS: Russia has “already lost geopolitically” its war in Ukraine and is effectively becoming a vassal state of China, French President Emmanuel Macron said in an interview published Sunday. “De facto, it has entered a form of subservience with regards to China and has lost its access to the Baltic, which was critical, because it prompted the decision by Sweden and Finland to